Brighterion, a Mastercard company and leading artificial intelligence and machine learning platform, today announced that it has been named “Best Use of Payments Data or AI in Financial Services” at this year’s Emerging Payments Awards in London, UK.
Brighterion was recognized for its unique AI powered by Smart Agents, which detects and prevents payment and other types of first-party fraud in real-time. By providing self-learning capabilities that overcome the limitations of legacy machine learning solutions, Brighterion technology creates personalized, adaptable profiles that automatically update and refine with each transaction. Its Smart Agents connect with cardholders, merchants or terminals, and build individual profiles based on usage and behaviors. The platform provides unprecedented behavioral insights such as the spending behavior of customers and the constantly evolving tactics used by fraudsters.
“It’s an honor to be recognized by the Emerging Payments Awards,” said Sudhir Jha, Mastercard senior vice president and head of Brighterion. “This win is testament to our commitment and continued efforts to reducing and preventing fraud, while also minimizing friction for customers and future-proofing payments security.”
Now in its 12th year, the Emerging Payments Association award ceremony honors the latest fintech innovations and innovators. More than 200 companies from across the globe enter the award program each year via 20 different categories. Winners are selected based on the significant advances they have made in how the world pays today.
In addition to its Emerging Payments Awards win, last month, Brighterion revealed how its platform is delivering powerful anti-money laundering technology, fraud and credit risk monitoring to WorldPay, the world’s largest acquirer that processes more than 20 billion transactions each year in 150 countries, using 130 different currencies. And recently, Brighterion partnered with Elavon, a merchant processor and subsidiary of U.S. Bank, to better protect e-commerce transactions and support the payment needs of more than one million merchants in over 30 countries.
For more information on the Emerging Payments Awards and to see a full list of this year’s winners, please visit: https://www.emergingpaymentsawards.com/article/banking-circle-and-konsentus-crowned-winners-at-the-emerging-payments-awards-2019/
About Brighterion, Inc.
Brighterion, a Mastercard company, was founded in 2000 and acquired by Mastercard in 2017. We deliver a leading artificial intelligence and machine learning platform that provides real-time mission critical intelligence from any data source, regardless of type, complexity or volume. Our AI solution secures billions of transactions monthly and is used and trusted by many of the world’s leading organizations and governments in payments, compliance, financial markets, security and defense, healthcare, Internet of Things, marketing and more. Currently we serve 74 out of 100 of the largest U.S. banks and more than 2,000 customers worldwide, analyzing more than 100 billion transactions annually. For more information, please visit us on the web, blog, Twitter, Facebook or LinkedIn.
Laura Gardner Metzger